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To: LoneClone who wrote (1225)5/17/2007 9:19:56 AM
From: LoneClone  Respond to of 193918
 
Powertech Drilling Update
Thursday May 17, 3:01 am ET

biz.yahoo.com

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 17, 2007 -- POWERTECH URANIUM CORP. ("Powertech" or the "Company") (CDNX:PWE.V - News)(Frankfurt:P8A.F - News) is pleased to announce that, through its wholly owned subsidiary, Powertech (USA) Inc., it has initiated its permitted exploration program on the Dewey-Burdock Project in southeastern South Dakota, and has completed its first phase of exploratory drilling on the Dewey Terrace Project in Weston County, Wyoming.

Powertech has commenced its drilling program on the Dewey-Burdock Project in Custer and Fall River Counties, in accordance with the recently issued South Dakota exploration permit. One of the primary objectives of this program will be to complete six core holes into mineralized portions of the Fall River and Lakota sandstones to obtain samples for metallurgical and leach testing. Test wells will also be installed to examine hydrologic characteristics and water quality of these sandstone units. 155 exploration holes are planned to confirm and expand previously identified historical resources throughout the project area. Powertech has previously reported a NI 43-101 inferred resource of 7.6 million pounds of uranium within the project area, averaging 0.21% U3O8 (see the Company's NI 43-101 technical report on SEDAR at www.sedar.com).

In addition, Powertech has completed the second 10 hole phase of a 20 hole exploration program that was initiated last fall in the southern portion of the Dewey Terrace Project. This program was completed after interpreting the results of recently acquired historical Teton Exploration drill data and combining this information with the Company's data base that includes historical drilling completed by Federal American Partners and Silver King Mines in the 1970's and 80's. The objective of this drilling was to confirm the regional information contained in these historical data bases that indicated the presence of several mineralized uranium "fronts" or zones in this highly prospective property. This drilling was successful in confirming and delineating geochemical alteration in sands of the Lakota Formation at depths of 580 to 900 feet. Multiple mineralized solution fronts were found to be associated with this alteration, with mineralized intervals such as 3.0 feet of 0.053% U3O8 and 5.5 feet of 0.047% U3O8 occurring in the oxidized portions of these sands. An expanded second phase drilling program is planned for later in the year to assess additional uranium potential of identified mineralized trends in the 8,540 acre project area.

"We are pleased to begin our Dewey-Burdock drilling program, having received our exploration permit. We look forward to the delineation of the known mineralized "fronts" across the sparsely drilled portions of our property. We expect that this drill program will result in the identification of additional resources. We also expect that the core tests to be performed will yield suitable chemistry for our planning of in-situ recovery patterns," says Mr. Richard F. Clement, President and CEO of Powertech. "We are also pleased that the exploratory program at Dewey Terrace has confirmed the continuity of mineralized "fronts" and we will incorporate this information into our planned drill program which will be designed to outline the full resource potential of the project."

Richard F Clement Jr., P. Geo., President & CEO of Powertech Uranium Corp. and a qualified person as defined by National Instrument 43-101, has reviewed this news release and is responsible for its content.

Powertech Uranium Corp. is a mineral exploration and development company that holds the Dewey-Burdock Uranium Deposit in South Dakota, the Centennial Project in Colorado, and the Dewey Terrace and Aladdin Projects in Wyoming, USA.

POWERTECH URANIUM CORP.

Richard F. Clement Jr., President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact:

Contacts:
Powertech Uranium Corp.
Thomas A. Doyle
CFO, VP Finance
(604) 685-9181
(604) 685-9182 (FAX)
Email: info@powertechuranium.com
Website: powertechuranium.com


Source: Powertech Uranium Corp.



To: LoneClone who wrote (1225)5/17/2007 9:25:11 AM
From: LoneClone  Read Replies (1) | Respond to of 193918
 
Jetcom Launches Yellowcake Website
Thursday May 17, 8:00 am ET

biz.yahoo.com

TORONTO, ONTARIO--(CCNMatthews - May 17, 2007) - Jetcom Inc. (TSX VENTURE:JTM - News; FRANKFURT, XETRA:YGH - News News), is pleased to announce the launch of its Yellowcake Resources Inc. website. In the website investors will be able to view the most current and up to date geological and claim maps and read the ongoing updates regarding Jetcom's option in the Grand Calumet uranium camp. The website can be viewed at www.yellowcakeresources.com.

The Company is also pleased to announce it has reinforced and extended its option agreement with Robert Rosenblat. Mr. Rosenblat writes, "I commit to doing everything reasonably in my power to assist in satisfying the Exchange's requests - I believe our agreement is truly of mutual benefit". The time for closing on the initial payment and delivery of shares has been amended to the earlier of Exchange approval or November 30, 2007. Mr. Rosenblat is a highly regarded mining consultant with over 50 years experience and has optioned a large number of properties in the Grand Calumet region.

For further information about the Company, contact Rich Kaiser, investor relations, 800-631-8127.

About Jetcom Inc.:

Jetcom is a holding company with a proposed transaction for uranium exploration properties through its wholly owned subsidiary Yellowcake Resources Inc. whereby the Company has been granted an option to purchase a 100% interest in 23 uranium claims totaling 3100 acres in the Campbell's Bay area of Quebec. It also signed an option agreement to acquire 6 mining claims in the Lac a David, Saguenay area of Quebec located in the township of Dumas (see press release dated April 13, 2007). The Company has been granted the exclusive and irrevocable option to purchase a 100% interest in the claims. Both deals are subject to Exchange approval. It also has interests in satellite television programming and telehealth technology. More information can be found on the SEDAR website at www.sedar.com and www.yellowcakeresources.com

Jetcom Inc. has 38,765,971 outstanding common shares.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact:

A. G. Dragone
Jetcom Inc.
President
(416) 447-4884
(416) 447-8868 (FAX)

Source: Jetcom Inc.